The prices in real estate in Cedar Springs, in the Michigan region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Cedar Springs has increased during the last 6 months. In December, the average price per sq.feet was $108. In January this price pretty much remained the same at a value of $108 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $108 to $113 per sq.feet. The price per sq.feet has increased 106 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $110.5 to $117.5 during April, and May.
Based upon to the price in Cedar Springs (cities), this has gone up considerably in the last 6 months. In our first sample month during December, the average price is $196,977. In January This price remains at $196,977. During the following two months (February, March) the average price had a considerable increase of 122 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $242,218 they are 19 % more affordable than the average price for Cedar Springs. The properties with the lowest average price have 1 bedroom, Their price is 0 % cheaper than the average. After that we have properties with 2 bedrooms priced at $196,189.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $104 / sq.feet, with an average $121 / sq.feet price in Cedar Springs. The properties with the lowest average prices have 1 bedroom. They are 7 % cheaper than the average followed by properties with 2 bedrooms with a price at $104 / sq.feet.
With regard to the average price based upon the property in Cedar Springs we can see that the cheapest property type is "House" at a price of $196,189, they are 19 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 19 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $104 / sq.feet. "House" with an average cost of $104 / sq.feet has the lowest price and would be directed at less affluent cities.